West Australian police have prepared a second warrant after a federal magistrate in north Queensland ruled invalid the first arrest warrant for murder suspect Cameron Mansell.

The 38-year-old was detained near Townsville last week after a nationwide manhunt by police investigating the disappearance of his business partner, Perth millionaire Craig Puddy.

Lawyers for Mr Mansell have been contesting the legality of the warrant, claiming the document was incomplete.

He will remain in custody until further legal hearings in the Townsville Magistrates Court at a date to be set.

In a statement, WA Police Commissioner Karl O'Callaghan says he has no choice but to accept the Federal Court decision, but a second arrest warrant will be presented to the Townsville Magistrate as soon as possible.

A search for Mr Puddy's body in bush in the Yanchep area north of Perth has failed to find any trace of him.

Dozens of police and State Emergency Service volunteers scoured the area for most of Tuesday and will resume the search today.

On Sunday, a group of people four-wheel driving in Yanchep discovered the wheelie bin missing from Mr Puddy's Mount Pleasant home.

Police believe the bin was used to move Mr Puddy's body from his house but will not say whether they found traces of blood in it.

Free trade is the oldest argument in federal politics and the issue that literally defined the federation era but opposition exists to the TPP, courtesy of the Investor-State Dispute Resolutions clause.